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FloTi
Jul 24, 2020 9:08 PM

LINK Correction? 

Chainlink Perpetual FuturesFTX

Description

A high velocity rise leading to the pattern often results in a larger decline post breakout... IF price closes below the yellow line, I expact a higher sell pressure and a mid-term retracement to the green dotted line. We are still further away from a possible short position.
Both shoulders should look rather similar (not given [yet]), the velocity rise and volume criteria (highest on the left shoulder followed by the head) are given. Let's see how this work. Do not enter prematurely
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